The Usage of Analytical SAS Tools in the Audit Practice for Risk Assessment
DOI:
https://doi.org/10.18502/kss.v3i2.1589Abstract
In a situation when the level of risk increases every day, and regulatory requirements are becoming more stringent, to monitor illegal activities, it is necessary to use advanced analytical tools. Automation of the processes for risk assessment in the era of the digital economy is the key of success for any audit firm, as this will reduce labour and time costs and constantly improve its system for the risk detection of any kind and the submission of reliable information as a result of its activities. SAS offers the best-of-a-kind solution that includes high-performance analytics and combination of detection methods of irregularities, which help to monitor a larger number of risk factors, particularly analyzing large data volumes – in minutes instead of hours.
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